Time to cash in your chips! In this lesson, students will explore various ways of managing money. The lesson features a video explaining the differences between savings and investing. Students will learn and practice relevant vocabulary and idioms related to the topic. The lesson includes plenty of engaging discussion activities and worksheets developed for both adult and teenage learners, ensuring a practical and interactive learning experience.
Lesson Objectives
Listening: Students will improve their listening skills by analyzing a video about saving and investing, focusing on key financial concepts and vocabulary.
Speaking: Through role-playand group discussions, students will articulate their views on saving versus investing, using new vocabulary and expressions learned throughout the lesson.
Vocabulary: Students will learn and use key financial terms such as "investment," "savings," "mutual funds," and "stocks," among others, to enhance their financial literacy.
Cultural Awareness: The lesson will expose students to different attitudes towards money management, highlighting cultural differences in financial strategies and priorities.
Homework: Students will complete exercises that reinforce the vocabulary and concepts discussed in class, such as matching definitions, filling in blanks with new terms, and writing short paragraphs on their preferred financial strategies.
Video
Is saving or investing money better? Should everyone do it? Watch this video to learn about how saving and investing money are different and which option is better for you.
Video Transcript
Vocabulary and Pronunciation
cash in one’s chips [idiom]: to sell something such as your investments, in order to raise money
stock market [noun]: several exchanges in which shares of publicly held companies are bought and sold
living on the breadline [idiom]: surviving on minimal income or barley scraping by
cheapskate [noun]: a person who will not spend much money
stash [verb]: store (something) safely in a hidden or secret place
earmark [verb]: designate (funds or resources) for a particular purpose
banner season [noun]: a particularly good or successful period of time
break the bank [idiom]: cost more than one can afford
cash cow [noun]: a business, investment, or product that provides a steady income or profit
crunch numbers [idiom]: the act of processing numerical data
money pit [noun]: a major drain on one's financial resources
nest egg [noun]: a sum of money saved for the future
Tom | February 17, 2023
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